According to SMM, today's futures are oscillating upwards, closing at

Published: Oct 26, 2023 22:17

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According to SMM, today's futures are oscillating upwards, closing at 3685, up 0.57% from the previous trading day, and the spot market price is running in a stable and strong trend. On the demand side, the marginal influence of policies is weakening, the continuity is insufficient, the market sentiment is slightly cooling, the trading atmosphere is general, the terminal procurement continues to follow the demand strategy, and the transaction is generally weak throughout the day. Looking ahead, the supply of building materials in the near future is slightly increasing, and the raw material side has not seen obvious downward trend, the cost is solid, the negative feedback proposition is basically false, coupled with the good release of demand in October, the unexpected increase, and various bullish factors, the short-term steel price rebound is expected to continue. At the same time, under the influence of macro policies, the strong expectation logic is restarted, and the market confidence is expected to be restored under its support, and the medium and long-term building materials related or may still be expected.

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